FTC OPENS INVESTIGATION INTO HERBALIFE — SHARES PLUNGE http://www.businessinsider.com/herbalife-halted-2014-3/comments
en-usWed, 31 Dec 1969 19:00:00 -0500Mon, 19 Mar 2018 11:02:49 -0400Julia La Rochehttp://www.businessinsider.com/c/532205e56da8117c35760449Guy RonsonThu, 13 Mar 2014 15:24:21 -0400http://www.businessinsider.com/c/532205e56da8117c35760449
Dear Business Insider,
Can you carry out an online survey with your readers as to whether they think herbalife is a pyramid scheme or not?http://www.businessinsider.com/c/532111b4eab8ea641bfc4e6cEARL CARROLLWed, 12 Mar 2014 22:02:28 -0400http://www.businessinsider.com/c/532111b4eab8ea641bfc4e6c
I bet all the march puts with a strike price of 60 or less expire worthless. 60 and below is where all the open interest is and many who bought puts today are already down more than 50 percent. with the money hlf has available to buy back stock and the small herd of real old billionaires who are long the stock and selling puts. plus the float is not that big anyway so watch carefully them old billionaires will keep it at or above 60 they ain't giving none of that put money back. based on volume in puts today and most puts closing 50 percent or more off their highs the put sellers had another good day today.http://www.businessinsider.com/c/53211102eab8ea4720fc4e67Dina StrangeWed, 12 Mar 2014 21:59:30 -0400http://www.businessinsider.com/c/53211102eab8ea4720fc4e67
I mean liberals are sell outs but not for the reasons you outlined.http://www.businessinsider.com/c/5320f5116bb3f78f5fd1643fWinston SmithWed, 12 Mar 2014 20:00:17 -0400http://www.businessinsider.com/c/5320f5116bb3f78f5fd1643f
By that logic, the feds should never have investigate the banking system for fraud while Ackman was short MBIA (that one lasted seven years). In hindsight, of course, they should have investigated that one sooner, not later.http://www.businessinsider.com/c/5320e193eab8ea6b6ffc4e68Brian Edward CronerWed, 12 Mar 2014 18:37:07 -0400http://www.businessinsider.com/c/5320e193eab8ea6b6ffc4e68
I can think of a lot more useful ways to blow $1 billion.http://www.businessinsider.com/c/5320cbc1eab8ea291ffc4e69furn22Wed, 12 Mar 2014 17:04:01 -0400http://www.businessinsider.com/c/5320cbc1eab8ea291ffc4e69
How is it legal to make a short bet on a company and then hit the pr trail and bash and bash to make your bet work out. If the FTC finds no wrong doing isn't Ackman on the hook for everything he has. Seems like blatant manipulation. How is this legal?http://www.businessinsider.com/c/5320c14c6da8113f14fc4e70bldigrrnWed, 12 Mar 2014 16:19:24 -0400http://www.businessinsider.com/c/5320c14c6da8113f14fc4e70
No, I don't think that.http://www.businessinsider.com/c/5320c08aecad041740fc4e69TheodoreBallgamePhDWed, 12 Mar 2014 16:16:10 -0400http://www.businessinsider.com/c/5320c08aecad041740fc4e69
F*ck you, Uncle Carl.
-W. Ackmanhttp://www.businessinsider.com/c/5320be496bb3f7a01e91a886JimGWed, 12 Mar 2014 16:06:33 -0400http://www.businessinsider.com/c/5320be496bb3f7a01e91a886
Both Ackman and Icahn have the money to move stock position in the market based on their comments on their positions in the market. Ackman cry's like a baby to get the FTC to investigate and he makes millions. Icahn did it with Apple last Sept and with Green Mountain in May 2012 but got buried in the end with GMCR... twice. Icahn stating the Ackman will fall to the "mother of all short squeezes" is only because he took hits over $80 million with GMCR and wants to pass the idiot hat to Ackman.
Ackman already lost millions prior to getting into his billion dollar position and I hope he burns in this latest move. And, if the FTC states that Herbalife is a pyramid scheme, congress needs to be questioning why the FTC let Herbalife operate for the last 30 years on the stock exchange put some of those people in jail. Also, can Ackman lay off China... they are one of the most corrupt countries in the world especially in business.http://www.businessinsider.com/c/5320bc75eab8ea025ef972cdpyramid scemeWed, 12 Mar 2014 15:58:45 -0400http://www.businessinsider.com/c/5320bc75eab8ea025ef972cd
It depends on the interpretation of insider trading.
Whether the 3rd party trader was trading on the assumption that he knew enough operational information about the company that can be exploited to force a government inquiry.http://www.businessinsider.com/c/5320b9d16bb3f7790d91a88cGet over yourselfWed, 12 Mar 2014 15:47:29 -0400http://www.businessinsider.com/c/5320b9d16bb3f7790d91a88c
I love when the ignorant speak. If you've had a bad experience, tough! Quit whining. I know intellectual honesty doesn't come easy and bumper sticker mentality is the status quo and those of your ilk rarely let the facts get in the way of an opportunity to cry about something. What if you do some actual research from reputable sources then get honest with yourself. These types of companies are for giving a hand up to people who ARE initiated to do something. The uninitiated are preyed on by liberals who are the real predators in this country.http://www.businessinsider.com/c/5320b8f46bb3f7c00991a886John Galt in TOWed, 12 Mar 2014 15:43:48 -0400http://www.businessinsider.com/c/5320b8f46bb3f7c00991a886
I got in and out on a January 2015 put with a strike of 27.50 and picked up a near double, so I'm content. Otherwise, I hear what you're saying.http://www.businessinsider.com/c/5320b8b36bb3f7630691a888John Galt in TOWed, 12 Mar 2014 15:42:43 -0400http://www.businessinsider.com/c/5320b8b36bb3f7630691a888
What I'm saying is that people/corporations lobby the government and government agencies, and in turn laws/regulations are created in favour of those with the most money to spend.
Please tell me you don't think they actually work for We the People...that would be just childish and naive.http://www.businessinsider.com/c/5320b64a69bedd99387bc868Jose TaverasWed, 12 Mar 2014 15:32:26 -0400http://www.businessinsider.com/c/5320b64a69bedd99387bc868
Herbalife IS a pyramid scheme. But there are many successful pyramid schemes already. So, whats the deal with this guy? I have a billion dollars to lose and i want to make a point?http://www.businessinsider.com/c/5320b55369beddbf3c7bc862thedaltonWed, 12 Mar 2014 15:28:19 -0400http://www.businessinsider.com/c/5320b55369beddbf3c7bc862
Well, then don't accept any of those Social Security checks in the mail when you hit retirement age.
Send them to me...oh, and stay away from those Socialist Medicare and Medicaid programs as well.
Say hello to Glenn and the gang.http://www.businessinsider.com/c/5320b50769beddb93c7bc866grenadetradeWed, 12 Mar 2014 15:27:03 -0400http://www.businessinsider.com/c/5320b50769beddb93c7bc866
I don't know if it's a pyramid scheme or not, and i don't care if Ackman or Icahn is right or wrong. I don't care if either of them are gaming the stock - nor do i care if they make or lose billions with HLF. All i know is i'm smart enough to not be one of the pigs when shit hits the fan by staying away. I have many other stocks to short and be long on. Never owned or shorted HLF, and at this point never will. If you're siding with Icahn or Ackman because one of them is more compelling, all i gotta say is "oink".http://www.businessinsider.com/c/5320b44aecad0445152ef2ddbldigrrnWed, 12 Mar 2014 15:23:54 -0400http://www.businessinsider.com/c/5320b44aecad0445152ef2dd
"Nonpublic information" refers to a company's own operational and earnings information, which is released to the public at the same time during earnings announcements. If you are trading on that information prior to its release, it is illegal. If a 3rd party trader is pushing for a government inquiry, that's not inside information held by the company.http://www.businessinsider.com/c/5320b2336da8116954266c8cNancy LambWed, 12 Mar 2014 15:14:59 -0400http://www.businessinsider.com/c/5320b2336da8116954266c8c
Perhaps this will be the beginning of a domino effect against most multi level marketing companies. They all prey on those challenged with income issues. They sell the promise of the golden brick road, while they sell overpriced goods that are touted as the top of the line, but rarely easy to validate. The sales lines are all the same....but to the uninitiated, they sound so alluring....
I Could give you a long list of them...
Herbal Life isn't alone and I truly hope this process starts a crack down.http://www.businessinsider.com/c/5320af16ecad0406782ef2e7pyramid scemeWed, 12 Mar 2014 15:01:42 -0400http://www.businessinsider.com/c/5320af16ecad0406782ef2e7
Are you saying it was public information until now that Herbalife was going to get probed by the FTC (or other authorities), with possible material consequences?
Keep your eye on the "civil investigation demand" part, if it feeds back to Ackman.
Will the "manufacturing 'non-public' information to support trading" term go to text books?http://www.businessinsider.com/c/5320ac3669bedd0a1e7bc862bldigrrnWed, 12 Mar 2014 14:49:26 -0400http://www.businessinsider.com/c/5320ac3669bedd0a1e7bc862
Not sure your understanding of insider trading laws runs too deep. Do you know what "non-public" information means?http://www.businessinsider.com/c/5320abf3eab8eac521f972d0not reallyWed, 12 Mar 2014 14:48:19 -0400http://www.businessinsider.com/c/5320abf3eab8eac521f972d0
It's crazy that the FTC touched this hot potato, while Ackman is actively in the short trade.
Just watch.http://www.businessinsider.com/c/5320abe7ecad040d6d2ef2e3bldigrrnWed, 12 Mar 2014 14:48:07 -0400http://www.businessinsider.com/c/5320abe7ecad040d6d2ef2e3
Right-- the government works for the guys with the deepest pockets. Which is why their work would result in huge losses for Carl Icahn. Or Bill Ackman. Or... oh, wait... that makes absolutely no sense. I don't suppose you'll bother issuing a correction, now that you've thought about it?http://www.businessinsider.com/c/5320ab3eeab8eaa01ef972cdcrassWed, 12 Mar 2014 14:45:18 -0400http://www.businessinsider.com/c/5320ab3eeab8eaa01ef972cd
Perfect opportunity to buy.http://www.businessinsider.com/c/5320a83ceab8eab012f972cbCivil Investigative DemandWed, 12 Mar 2014 14:32:28 -0400http://www.businessinsider.com/c/5320a83ceab8eab012f972cb
vs "Official Investigative Demand" or the "Professional Investigative Demand"?
The FTC is going to choke on this.http://www.businessinsider.com/c/5320a5b069bedde8037bc862 pyramid schemeWed, 12 Mar 2014 14:21:36 -0400http://www.businessinsider.com/c/5320a5b069bedde8037bc862
If this is so obvious and black and white, investigation should be started, charges should be pressed against all those people, who did not prevent it, although it is their fiduciary duty to report it.
That includes accounting and law firms, the SEC, the bank involved in the IPO, the exchange trading the stock - just a few to start.
On the other hand, this is a legal issue, not something that should be proven by a short trade.
In fact, if you KNOW that the company is involved in illegal activity, then shorting it is nothing short of insider trading.
My understanding that it against the law, as well.
This will be an interesting can of worm to watch. Get the popcorn.
It's a beautiful Catch-22: if anyone found guilty, everyone else, involved is guilty, as well, including the SEC, which is in charge of the investigation.
My bet: this will be swept under the rug as soon as this will be realized.http://www.businessinsider.com/c/5320a2e1eab8eaac79f972d3Bill banned for trading Wed, 12 Mar 2014 14:09:37 -0400http://www.businessinsider.com/c/5320a2e1eab8eaac79f972d3
Maybe Bill should short that, too, then it will be investigated?http://www.businessinsider.com/c/5320a0e5eab8ea3970f972ceIt is a pyramid schemeWed, 12 Mar 2014 14:01:09 -0400http://www.businessinsider.com/c/5320a0e5eab8ea3970f972ce
Ask anyone who has tried it. The ONLY way to make any money is to recruit others. Then THEY buy the products, not outside consumers. And, BTW, that's the LAW. If the bulk of your sales are to downstream recruits it is a pyramid scheme and is illegal. That's the LAW.http://www.businessinsider.com/c/5320a0c569bedd34697bc868Dina StrangeWed, 12 Mar 2014 14:00:37 -0400http://www.businessinsider.com/c/5320a0c569bedd34697bc868
While the politically connected titans fight...we mere paws can only watch.http://www.businessinsider.com/c/53209f2969bedd4a657bc862pyramids are greatWed, 12 Mar 2014 13:53:45 -0400http://www.businessinsider.com/c/53209f2969bedd4a657bc862
Social Security is a pyramid scheme as well, no investigation there, just open theft!http://www.businessinsider.com/c/53209d1d6bb3f7782d91a886ackmancockroachWed, 12 Mar 2014 13:45:01 -0400http://www.businessinsider.com/c/53209d1d6bb3f7782d91a886
lol the stock is up 5% today.
in other words, this is a civil investigation which means the worst that can possibly happen in HLF pays a small fine and business as usual. Ackman losses again like the cockroach that he ishttp://www.businessinsider.com/c/53209ccbecad04153f2ef2dfvanbrcWed, 12 Mar 2014 13:43:39 -0400http://www.businessinsider.com/c/53209ccbecad04153f2ef2df
It is crazy it took the FTC this long.http://www.businessinsider.com/c/53209c75eab8eac45ff972cbJohn Galt in TOWed, 12 Mar 2014 13:42:13 -0400http://www.businessinsider.com/c/53209c75eab8eac45ff972cb
And this, in a nutshell, is why the rich get richer, and why there isn't really a "free market". Governments and regulators work for the guys with the deepest pockets, who will in turn always win.
Sucks to not be one of those guys.http://www.businessinsider.com/c/532099d96da8113e5d266c8cBill banned for trading Wed, 12 Mar 2014 13:31:05 -0400http://www.businessinsider.com/c/532099d96da8113e5d266c8c
Bill was banned for life trading securities, after he was trying to support his losing huge short by openly "fixing" the market by endless allegations to support his trade.